RBC Global Asset Management Inc. (“RBC GAM Inc.”) today announced April mutual fund net redemptions of $833 million. Long-term funds had net redemptions of $1.1 billion and money market funds had net sales of $225 million. Mutual fund assets under management increased by 1.1…

 Wells Fargo & Company (NYSE: WFC) (“Wells Fargo”) and certain of its consolidated subsidiaries have issued debt securities, certificates of deposit, trust preferred securities and preferred stock and related depositary shares that reference the London Interbank Offered Rate (LIBOR) for…

Wells Fargo & Company (NYSE: WFC) today announced that Jeff Hogan has joined the Corporate & Investment Bank (CIB) as co‑head of Global Mergers & Acquisitions (M&A) within the Banking division. He will co‑lead the M&A team with David DeNunzio, who has led…

Bank of America Corporation announced today that it will redeem on May 19, 2023 all $1,000,000,000 principal amount outstanding of its 1.486% Fixed/Floating Rate Senior Notes, due May 2024 (CUSIP No. 06051GJC4) (the “Notes”), at a redemption price equal to 100%…

In-country transaction banking operations launched in key financial hub Bank of America today announced that it has opened a new branch in Luxembourg, further strengthening its capabilities and the value it offers to clients in core markets. The launch means…

 Many hopeful homebuyers – especially those in their 40s and younger – are forging ahead with plans to buy homes despite believing the market favors sellers, according to Bank of America’s 2023 Homebuyer Insights Report (PDF). And while more than half…

The Federal Government has “the difficult challenge of meeting multiple goals” when it hands down the 2023/24 Commonwealth Budget next Tuesday 9 May, says Commonwealth Bank of Australia’s Chief Economist Stephen Halmarick, while a sharply lower budget deficit is expected.…